Lucid Motors

Newark, CA, United States

Posted on: 2022-11-09

Category: emobility

Employment type:

Full time

Experience required:

Senior

Salary

Salary not provided

Sr. Finance Analyst, Warranty Operations and Analysis (Remote)

About the company:

Lucid is the new generation of EV. Our relentless focus on innovation, luxury, and sustainability drives us into a reality where you no longer have to choose between doing great things, doing the right thing, and doing everything with the highest regard for efficiency and design. There were luxury cars, then EVs, now there’s Lucid.  

Leading the future in luxury electric and mobility
At Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility.
 
We plan to lead in this new era of luxury electric by returning to the fundamentals of great design – where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience.
 
Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we’re providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you.

We are looking for a Sr. Finance Analyst, Warranty Operations & Analysis to deliver accurate, data-based information and provide sophisticated reporting. This role will play an integral part of the Finance team that directly helps secure the success of the company. The focus of the team is to provide a high degree of financial transparency across the company and facilitate business decision coordination with all departments.

#SPR

At Lucid, we don’t just welcome diversity - we celebrate it! Lucid Motors is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, national or ethnic origin, age, religion, disability, sexual orientation, gender, gender identity and expression, marital status, and any other characteristic protected under applicable State or Federal laws and regulations.

Notice regarding COVID-19 protocols  
At Lucid, we prioritize the health and wellbeing of our employees, families, and friends above all else. In response to the novel Coronavirus all new Lucid employees, whose job will be based in the United States may or may not be required to provide original documentation confirming status as having received the prescribed inoculation (doses). Vaccination requirements are dependent upon location and position, please refer to the job description for more details.
 
Individuals in positions requiring vaccinations may seek a medical and/or religious exemption from this requirement and may be granted such an accommodation after submitting a formal request to and the subsequent review and approval thereof by our dedicated Covid-19 Response team.
 
To all recruitment agencies: Lucid Motors does not accept agency resumes. Please do not forward resumes to our careers alias or other Lucid Motors employees. Lucid Motors is not responsible for any fees related to unsolicited resumes. 

The Role:

  • Collaborate with Quality, Engineering, Service, and Purchasing operations in the development and administration of warranty policies and processes, including development of warranty operating/financial performance data
  • Support the analysis of warranty service field data to understand vehicle performance trends
  • Complete and distribute required analysis for monthly financial reviews of warranty activity, including development of annual operating plans, monthly financial forecasts, and business plans
  • Consolidate and analyze financial data including reconciliations, period-to-period variance analysis, derivation of vehicle cost targets, analyzing cost deviation with variance explanations
  • Build complex models and provide analytical assistance on business cases and different scenarios for warranty 
  • Track, analyze, and maintain warranty claims and other KPIs through appropriate databases
  • Oversee warranty reserve models and warranty reserve adequacy analysis, ensure Finance/Operations alignment
  • Support warranty scorecard / KPIs reporting to drive performance, visibility, management, and improvement on an ongoing basis
  • Maintain the warranty status of multiple projects in regular status reports showing budget, forecast, Purchase Request status, Purchase Order status, as well as applicable accounting accrual data
  • Develop and refine business case assessments with relevant teams to support Program decisions
  • To facilitate operating team alignment and decision making, be able to present data in cohesive reports that provide clear communication and recommendations
  • Actively participate with management to guide and influence long term and strategic decision making within the broadest scope. Provide objective business consultancy and financial guidance to the company
  • Provide new perspective to identify and propose opportunities for improvement across processes and business functions
  • Qualifications:

  • Finance analyst experience at an Automotive OEM - required
  • Bachelor’s degree in Finance, Engineering, or related field
  • Master’s degree in Business Administration (MBA) – preferred
  • At least 5 years’ industry experience, with a minimum of 3 years of financial variance analysis (actuals to forecast and actuals vs. plan comparisons) and period-to-period analysis
  • Understanding of the basic principles of warranty policy, warranty service, warranty reserves/accruals and warranty claim payment, ncluding standard and extended warranty plans for vehicles
  • Proven technical, quantitative, and critical-thinking skills, high level of independent judgment, initiative, and creativity to identify and clearly communicate key performance drivers to management
  • Ability to manage multiple projects and assignments with a high degree of autonomy and accountability for results
  • Demonstrated effective written, interpersonal, and oral communication skills
  • Established ability using SAP and Microsoft Office software with a particularly high proficiency with Excel